Mathewsons provides all neccessary information and support to NRIs to invest in real estate in Kerala. Our personnel will help you complete any type of paperwork at any point of time, even after the purchase. We also manage the real estate for the clients abroad or away from home.

Non Resident Indians
An Indian Citizen who stays abroad for employment/ carrying on business or occupation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a non-resident. Persons posted in UN organizations and officials deputed abroad by Central/State Governments and public Sector undertakings on temporary assignments are also treated as non-residents. Non-resident foreign citizens of Indian Origin are treated on par with Non-Resident Indian citizens (NRIs) for the purpose of certain facilities.

The Reserve Bank of India has allowed NRIs to use their foreign currency assets which have been earned and accumulated by them lawfully while they were resident outside India. The RBI has granted general exemption to them from the requirement of surrendering foreign exchange and income there on, in any currency (other than the currency of Nepal or Bhutan): - acquired by them lawfully i.e. without contravention of FERA, 1973, while they were resident outside India, and/or through employment, business or vocation outside India, taken up or commenced while they were residing outside India provided that they were resident outside India for a continuous period of not less than one year.

LOANS
Reserve Bank has granted general permission to certain financial institutions providing housing finance e.g. HDFC,LIC Housing Finance Ltd.etc. And authorised dealers to grant housing loans to non-resident Indian nationals for acquisition of a house/ flat for self-occupation subject to certain conditions. The purpose of the loan, margin money and the quantum of loan will be at par with those applicable to housing loans to residents. Repayment of loan should be made within a period not exceeding 15 years out of inward remittances or out of funds held in the investors "NRE/FCNR/NRO accounts.

Reserve Bank Permits Indian firms/companies to grant housing loans to their employees deputed abroad and holding Indian Passports subject to certain conditions.